Connected logistics benefits in improving and establishing interactions with companions involved in the logistics system by enabling hub administrators to observe inward and outward transportation. This enables more transparency and enhanced efficiency.

Technology giants such as AT&T Inc. (Texas, U.S.), SAP SE (Walldorf, Germany), Eurotech S.P.A (Italy, Europe), ORBCOMM (New Jersey, U.S.), IBM Corporation (New York, U.S.), Cisco System Inc. (California, U.S.) and others provide solutions required for connected logistics such as software as well as advising, deploying, and supporting services to connected logistics platform. The U.S. connected logistics business share was the leading in the regional segment in 2018. The APAC consist of the world’s largest customer market, which encourages the flow of goods and reduces the regulatory burdens. Henceforth, the local players are also choosing new technologies to provide better services. This marks the transformation of logistics from traditional infrastructure to modern methods.

The foremost reason behind this is the growth of the cloud solutions- a service offered by the vendors across the globe. Retail and healthcare areas are anticipated to gain best advantages from connected logistics solutions. Retail is likely to grow at highest CAGR. The retail industry has employed the connected logistics resolutions to address their enterprise requirements.

According to Market Research Future Analysis, the global connected logistics market is estimated to generate revenue of approximately USD 32 billion by 2023 growing at a CAGR of 22% during the forecast period 2018-2023.

Regional Analysis:

The global connected logistics market is estimated for North America, Europe, Asia Pacific, and Rest of the World. It has been noticed that North American region estimates to be the highest shareholder of the market. Asia Pacific is expected to show the immense growth opportunities, prominently, in China and India. Owing to rising population and manufacturers in this region are using innovative systems in their operations for handling complex logistics works more efficiently with the help of tools, which are designed to collect and decode data.

The global connected logistics market is segmented by software, platform, transportation mode, and vertical. Issues such as development in-service such as performance, availability, and utilization by mobiles can be approached by asset management system software to improve freight and infrastructure supervisors. Henceforth, asset management system software is foreseen to be the highest shareholder in the connected logistics market. Solutions powered by the use of IoT and RFID technologies help industries to address the critical challenge which is assuring product transportation promptly to the consumer.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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